For trucking companies that are just starting out, it can be difficult to find an insurance company that’s willing to work with you. Fortunately, insurance companies that are willing to insure brand-new trucking companies include Progressive, Sentry, and State Farm.
Note that because you’re new, you are viewed by insurers as high risk. To lower your trucking insurance costs, it is a good idea to hire drivers with a good driving history and fewer accidents. You can also opt to bundle together several plans under one insurance company.
Here is a quick list of insurance providers that new trucking business owners can opt for:
Known as the most popular commercial vehicle insurance company in the United States, Progressive is available in all 50 states. They cover a wide range of truck types and insure tractor trailers, tow trucks, delivery trucks, and ice cream trucks. However, you’ll need to work with an agent to find a plan that’s best for you. They also offer many discounts.
Sentry is also available in all 50 states and provides flexible coverage plans for truck companies. Unlike most insurance companies, they focus on customers that own smaller fleets and can insure owner-operators and businesses who own as little as one truck. They have relatively few customer complaints, although online information is limited.
State Farm is another trucking insurance company that provides coverage for single trucks or for larger fleets including tractor-trailers, pickup trucks, and box trucks. They are known for their high level of customer service and provide coverage in all 50 states. To purchase a policy, you’ll need to consult a local agent.
When you’re buying trucking insurance for your business, it’s a good idea to compare multiple quotes and options from several companies. This way, you’ll find the most cost-effective coverage for your fleet.
Read on to learn more about the average cost of insurance for commercial trucks at Assured Standard today!